Last checked at 
30 Jul 2024 15:13
FORM 8.5 (EPT/NON-RI) | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
(OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
Rule 8.5 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||||
(b) | Name of offeror/offeree in relation to whose relevant securities this form relates: | BARRATT DEVELOPMENTS PLC | |||||
(c) | Name of the party to the offer with which exempt principal trader is connected | REDROW PLC | |||||
(d) | Date position held/dealing undertaken: | 29 Jul 2024 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? | YES: REDROW PLC | |||||
2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
 | to which the disclosure relates following the dealing (if any) | ||||||
Class of relevant security: | 10p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 10,472,040 | 1.07% | 4,974,854 | 0.51% | |||
(2) Cash-settled derivatives: | 3,936,695 | 0.40% | 9,114,814 | 0.94% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:Â | 0 | 0.00% | 0 | 0.00% | |||
TOTAL:Â | 14,408,735 | 1.48% | 14,089,668 | 1.45% | |||
 | |||||||
(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |  | ||||||
Details, including nature of the rights concerned and relevant percentages: |  | ||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales | Â | |||||
Class of relevant security | Purchase/sale | Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received | |||
10p ordinary | Purchase | 738586 | 5.2773 GBP | 5.1780 GBP | |||
10p ordinary | Sale | 1148783 | 5.2820 GBP | 5.1779 GBP | |||
 | |||||||
(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
10p ordinary | SWAP | Increasing Long | 3,883 | 5.2642 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,640 | 5.2359 GBP | |||
10p ordinary | CFD | Increasing Long | 16,078 | 5.2287 GBP | |||
10p ordinary | CFD | Increasing Long | 14,109 | 5.2332 GBP | |||
10p ordinary | CFD | Increasing Long | 5,549 | 5.2667 GBP | |||
10p ordinary | CFD | Increasing Long | 811 | 5.2755 GBP | |||
10p ordinary | CFD | Increasing Long | 10,287 | 5.2759 GBP | |||
10p ordinary | CFD | Decreasing Long | 689 | 5.1783 GBP | |||
10p ordinary | CFD | Decreasing Long | 811 | 5.2304 GBP | |||
10p ordinary | CFD | Decreasing Long | 26,365 | 5.2575 GBP | |||
10p ordinary | CFD | Decreasing Long | 466 | 5.2611 GBP | |||
10p ordinary | SWAP | Decreasing Short | 58 | 5.2399 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,079 | 5.2550 GBP | |||
10p ordinary | SWAP | Increasing Short | 100 | 5.2379 GBP | |||
10p ordinary | SWAP | Decreasing Short | 774 | 5.2309 GBP | |||
10p ordinary | SWAP | Opening Long | 26,142 | 5.2757 GBP | |||
10p ordinary | SWAP | Closing Long | 25,466 | 5.2760 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,025 | 5.2636 GBP | |||
10p ordinary | SWAP | Increasing Long | 8,224 | 5.2740 GBP | |||
10p ordinary | SWAP | Opening Short | 2,696 | 5.2079 GBP | |||
10p ordinary | SWAP | Increasing Short | 580 | 5.2397 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,970 | 5.2429 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,716 | 5.2535 GBP | |||
10p ordinary | SWAP | Increasing Short | 67,465 | 5.2546 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,659 | 5.2773 GBP | |||
10p ordinary | SWAP | Decreasing Short | 184,265 | 5.2461 GBP | |||
10p ordinary | SWAP | Decreasing Short | 26,785 | 5.2490 GBP | |||
10p ordinary | SWAP | Decreasing Short | 702 | 5.2680 GBP | |||
10p ordinary | SWAP | Decreasing Short | 113,617 | 5.2760 GBP | |||
10p ordinary | SWAP | Decreasing Short | 313 | 5.2820 GBP | |||
10p ordinary | SWAP | Increasing Short | 34,690 | 5.2293 GBP | |||
10p ordinary | SWAP | Increasing Short | 104 | 5.2300 GBP | |||
10p ordinary | SWAP | Increasing Short | 19,683 | 5.2431 GBP | |||
10p ordinary | SWAP | Increasing Short | 55,520 | 5.2691 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,000 | 5.2059 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,448 | 5.2092 GBP | |||
10p ordinary | SWAP | Decreasing Short | 16,449 | 5.2285 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,558 | 5.2316 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,965 | 5.2358 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,712 | 5.2385 GBP | |||
10p ordinary | SWAP | Decreasing Short | 43,386 | 5.2491 GBP | |||
10p ordinary | SWAP | Decreasing Short | 662 | 5.2499 GBP | |||
10p ordinary | SWAP | Decreasing Short | 45 | 5.2519 GBP | |||
10p ordinary | SWAP | Decreasing Short | 178 | 5.2661 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,712 | 5.2627 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,193 | 5.2654 GBP | |||
10p ordinary | SWAP | Increasing Short | 906 | 5.2660 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,298 | 5.2665 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,693 | 5.2705 GBP | |||
10p ordinary | SWAP | Increasing Short | 23,946 | 5.2760 GBP | |||
10p ordinary | SWAP | Decreasing Short | 606 | 5.2510 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,162 | 5.2477 GBP | |||
10p ordinary | SWAP | Decreasing Short | 49,127 | 5.2537 GBP | |||
10p ordinary | SWAP | Opening Long | 89,822 | 5.2760 GBP | |||
 | |||||||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | Option money paid/ received per unit |
 |  |  |  |  |  |  |  |
 | |||||||
(ii) | Exercising | Â | |||||
Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
 |  |  |  |  | |||
 | |||||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
 |  |  |  | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | ||||||
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: | |||||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 30 Jul 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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